Recent content by Reversal

LOL! This is one of the biggest fallacies that traders assume about trading. You can't remove emotion entirely from trading (at least not yet) or you will never be successful. While it is true that a person needs to remove emotional reaction to their trading so as not to follow the crowd, you...

I would like to respond to a couple of statements here since I am the author of Reversal Magic. First, I have never read or viewed Kurt Amacher's work, so I can't comment very much on this. But the sources for the basic concept originate from wave science, which specifically stems from...

Channels are usually best drawn off of the extremes and you simply ignored the spike off the bar. A good book on channels can is Channel Surfing by Michael Parsons which is available from Amazon.com. But I have to admit that I am a little biased here since I wrote it. MJP